A Country Has a Comparative Advantage If It Can Produce

question 143

Multiple Choice

A country has a comparative advantage if it can produce a good or service

• A) at a higher opportunity cost than can other nations.
• B) at a lower opportunity cost than can other nations.
• C) by using less resources than other nations.
• D) that lies outside its production possibilities curve.

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Definitions:

Needs

Essential requirements or necessities for physical, psychological, or social well-being and growth.

Motivational Practices

Techniques and strategies used by organizations to inspire, encourage, and boost the motivation of their employees.

Proven Track Record

Demonstrated history of achieving successful outcomes or performance in previous endeavors.

Motivational Systems

The processes and mechanisms that govern an individual's motivation, influencing their behavior and actions.